Administrators of Quinn Insurance confident on costs
The administrators of Quinn Insurance have said they are increasingly confident that the cost of bailing out the insurer will not reach worst-case scenario level.
Ian Kehoe
The administrators of Quinn Insurance have said they are increasingly confident that the cost of bailing out the insurer will not reach worst-case scenario levels, after the firm reported a €208 million profit for last year.
The administrators had briefed the High Court that the cost to the state through the Insurance Compensation Fund (ICF) could top €1.6 billion. However, they now say it is likely to be between €1.1 billion and €1.3 billion, according...
Subscribe from just €1 for the first month!
What's Included
With any subscription you will have access to
-
Unlimited multi-device access to our iPad, iPhone and Android Apps
-
Unlimited access to our eReader library
-
Exclusive daily insight and opinion seven days a week
-
Create alerts to never miss a subject that matters to you
-
Get access to exclusive offers for subscribers on gifts and experiences
-
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Related Stories
The year in review
The best writing and and the biggest stories of 2019 from the Business Post
Newsround: What Thursday’s papers say
Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals
More cycle routes, expansion of Luas to Bray and new bus network proposed
Greater Dublin Area draft Transport Strategy published
